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Firstbank Puerto Rico

San Juan, PR · Cert 30387 · First Bcorp

State charter, non-member · FDIC · 73 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

68

Q2 2024Q2 2026peer median (50)

Asset Quality

26

Q2 2024Q2 2026peer median (50)

Profitability

89

Q2 2024Q2 2026peer median (50)

Liquidity

77

Q2 2024Q2 2026peer median

Efficiency

76

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Firstbank Puerto Rico

San Juan, PR · Cert 30387 · First Bcorp

State charter, non-member · FDIC · 73 branches

Q2 2026

$19.2BAssets
$13.3BLoans
$16.6BDeposits
$1.9BEquity
Loan mix
57%RE $6.5B18%C&I $2.1B24%Consumer $2.8BQ2 2025Q2 2026
Deposit mix
67%Interest-bearing $11.2B33%Noninterest $5.5BQ2 2025Q2 2026

NIM

5.53%Q2 ’245.69%Q2 ’255.84%Q2 ’26+7%+5%

Non-interest income vs. expense

2.50%Q2 ’242.53%Q2 ’252.62%Q2 ’26+4%+1%

Market Position · San Juan-Bayamon-Caguas, PR · 2026 SOD (annual) · 15.0% share · #2 of 6 inst. · $11.2B of $74.7B

11.7% San Juan
0.8% Miami-Dade
35.6% Bayamon
32.5% Saint Thomas

Executive Summary

  • Earnings: ROA of 1.89%, up 27 bps year over year; NIM at 4.62%.
  • Asset quality: problem loans at 0.90% of loans (-11 bps YoY), with net charge-offs at 0.56%.
  • Capital: tier 1 leverage ratio of 11.54%, up 42 bps from a year ago.
  • Funding: loans stand at 79.85% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.89%+27 bps YoY

Net Interest Margin (YTD, annualized)

4.62%+22 bps YoY

Efficiency Ratio (YTD, annualized)

49.07%-67 bps YoY

Tier 1 Leverage Ratio

11.54%+42 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.62%1.65%1.69%1.80%1.89%+27 bps
Return on Equity17.81%17.93%18.04%18.09%18.97%+117 bps
Net Interest Margin4.40%4.43%4.47%4.55%4.62%+22 bps
Efficiency Ratio49.74%49.81%49.71%49.90%49.07%-67 bps
Non-Interest Burden1.90%1.92%1.92%1.93%1.91%+2 bps
Growth
Asset Growth (YoY)0.10%2.37%-0.91%-0.17%1.74%+164 bps
Loan Growth (YoY)3.90%4.84%2.98%3.26%3.05%-85 bps
Deposit Growth (YoY)0.15%3.18%-1.22%-1.45%1.69%+154 bps
Asset Quality
Nonperforming Loans / Loans1.01%0.96%0.95%0.89%0.90%-11 bps
Net Charge-Offs / Loans0.63%0.62%0.61%0.65%0.56%-7 bps
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.13%11.20%11.30%11.37%11.54%+42 bps
Total Risk-Based Capital17.46%17.48%17.61%17.77%17.97%+51 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits78.79%78.40%79.81%80.02%79.85%+106 bps
Liquid Assets / Assets1.63%1.42%1.39%1.35%1.22%-41 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

Firstbank Puerto Rico

San Juan, PR · Cert 30387 · Peer group: banks over $10B in assets (n=142-144) · First Bcorp

State charter, non-member · FDIC · 73 branches

Q2 2026

$19.2BAssets
$13.3BLoans
$16.6BDeposits
$1.9BEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 90% of banks over $10B in assets (rank 15 of 144).
  • Widest gap: net charge-offs / loans trails 83% of banks over $10B in assets (rank 119 of 142).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.88%

Rank 16 of 144

Net Interest Margin

4.67%

Rank 15 of 144

Efficiency Ratio

49.16%

Rank 35 of 144

Equity / Assets

10.05%

Rank 97 of 144

Non-interest income vs. expense

$136.7M$508.6MINCOMEEXPENSE
Unfavorable gap of $371.9M · efficiency ratio beats 76% of banks over $10B in assets
Bank 49.16%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.88%1.00%1.26%1.54%Beats 89%16 / 144
Return on Equity18.76%8.98%11.34%14.40%Beats 89%16 / 144
Net Interest Margin4.67%2.82%3.31%3.68%Beats 90%15 / 144
Efficiency Ratio49.16%49.42%56.02%62.41%Beats 76%35 / 144
Asset Quality
Nonperforming Loans / Loans0.90%0.48%0.73%1.07%Beats 35%93 / 142
Net Charge-Offs / Loans0.37%0.05%0.11%0.22%Beats 17%119 / 142
Capital
Tier 1 Capital Ratio16.71%12.07%12.98%14.92%Beats 85%21 / 144
Total Risk-Based Capital Ratio17.97%13.39%14.14%16.25%Beats 85%21 / 144
Equity / Assets10.05%9.69%11.39%12.96%Beats 33%97 / 144
Liquidity & Funding
Loans / Deposits79.84%75.72%84.92%91.56%34th pctl95 / 143
Loans / Assets69.05%59.83%69.07%74.80%49th pctl73 / 144
Brokered Deposits / Depositsn/aNot reported for this institution